| > My understanding is that they use NFTs on the Ethereum chain for authentication Your understanding is imperfect. You use your private key on Ethereum to authenticate, not an NFT. It does seem like certain NFTs gate access to different parts of the site. > NFTs are still wildly damaging to the ecosystem, with how much electricity they demand Not really anymore. As others have pointed out, the switch to PoS massively reduced Ethereum's energy demands, by ~99.5%. https://www.coindesk.com/tech/2023/04/26/ethereums-lifetime-... > Their sole purpose is to be traded as chits in a series of wealth extractions, until some unfortunate sucker is left holding the bag on a worthless blob of data that (rightfully) nobody wants. Ya, unfortunately the space is rife with grifters and hype in weird places, but that doesn't seem relevant to this specific project though. > So I believe it is a reasonable assumption that it is in this form so the creators can get in on the scam-o-sphere that is Ethereum/NFT. Or they're trying to make something legit within this space. The Internet's early use cases were largely a bunch of scams and over-hyped projects that failed miserably. That didn't exactly hold for long though. |